Moneyboat.co.uk are a short term loan provider offering loans of between £200 and £800 to new customers and up to £1500 for existing customers (subject to passing credit and affordability checks). MoneyBoat.co.uk’s representative APR is 939.5% and they have a flat interest rate of 0.7% a day. Loans are repaid over a minimum term of 2 instalments and a maximum of 6 months. The minimum instalment duration for the first instalment is 5 days with the maximum term between instalments being 45 days.
When applying with Moneyboat, applications are completed online and passed to MoneyBoat.co.uk’s underwriting team who are available to process the loan during the weekday working hours of 8:30am and 5:30pm. To be eligible for a loan with MoneyBoat.co.uk you will need to be over 18, be employed either full or part time and earn at least £1,000 per month.